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GLD

SPDR Gold SharesClose $414.00EOD only
Max Pain
$415.00
Next expiry May 27, 2026
Expected Move
±$3.58
0.9% from close
Price Gap
+1.00
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.54
Slightly call-heavy
Consensus
6.0/10
Range bias
Published snapshot: May 26, 2026 close
End-of-day snapshot

This page reflects GLD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 26, 2026 close
GLD AI Consensus Report
Analysis based on market close April 10, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from April 10, 2026. A newer ai consensus report is available for May 26, 2026.

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Conviction
5.5

out of 10

5.5 because dealer gamma/pinning provides a tangible structural support that enables premium-selling strategies, but conviction is capped by clear offsets — persistent negative net premium, mixed institutional flow, and concentrated short-dated expiries that can unwind quickly. Without an upcoming catalyst, the edge exists but is fragile, so score sits mid-high rather than high.

Where Perspectives Agree

Collectively the personas agree the near-term bias is neutral-to-bullish with a dealer-driven pin around the $437–$443/$440 neighborhood; the market structure favors defined-risk premium selling that works while the pin holds.

Where They Diverge

Flow and directional views conflict on underlying intent: directional treats the pin as a balance that will keep price elevated, while flow indicates institutional selling of calls and negative net premium that can undercut that pin and create one-way downside prints; theta wants to sell premium into the pin but is worried the negative net premium and mixed institutional flow raise the chance of a fast unwind that defeats short-dated sells.

Top Trade
via theta

Sell 2026-04-17 $430/$425 put spread for a net credit (defined-risk premium sell) — expected small credit.

Key Risk

A daily close below $425 removes the dealer pin support and flips hedging dynamics — institutional sellers can accelerate downside and price would likely slide toward the next structural support near $415 within sessions, invalidating the pin/premium-selling thesis.

How to Use These Reports
This ai consensus reflects the market close on April 10, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.